Is Summit Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Summit Township has remained a Seller's Market.
Housing Prices in Summit Township, MO
How much do homes in Summit Township, MO cost?
Median Sold Price
$275,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Summit Township was $275,000 in March 2024, down 1.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $234.9K | $180K | -23.4% |
3 Bedrooms | $240K | $257.9K | +7.5% |
4 Bedrooms | $361K | $367.5K | +1.8% |
5+ Bedrooms | $400.3K | $380K | -5.1% |
Summary: Summit Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
Cedar Township | $224.5K | $267K | +18.9% |
Jefferson City | $207.2K | $215K | +3.7% |
Jefferson Township | $206.5K | $209.5K | +1.5% |
Summit Township | $280K | $275K | -1.8% |
Holts Summit | $280.5K | $275K | -2.0% |
Housing Supply in Summit Township, MO
How many homes are available in Summit Township, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Summary: The Summit Township real estate market had 25 homes for sale in March 2024, a 31.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Summit Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Summit Township in March 2024, up by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Summit Township, MO
How long does it take to sell a home in Summit Township, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 12 Days | -80.8% |
Summary: Homes in Summit Township had an average of 12 days on market in Mar 2024, down by 80.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Summit Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.